~ A Blog on Gems

India Relaxes Tax on Jewelry-Making

RAPAPORT… India’s government has reduced the tax rate on diamond and
jewelry manufacturing to 5% following an earlier announcement that it would charge
industry members an 18% levy, the Gem & Jewellery Export Promotion Council
(GJEPC) said Monday.
The tax applies to the so-called “making charge” — the
amount of money it costs to produce jewelry pieces. It is part of India’s new
goo…